Slowing economy. Joining us for the hour, stephanie link great to have you. What do you make of this market right now . I have fatigue over trade i really do. Its impossible every day it changes. So im trying to ignore it and focus on fundamentals. Today i thought we got some good data on the economy. The philly fed better than expected vince were better than expected meaning he they went own maybe were bottoming. Lets see the flash pmis tomorrow existing home sales up 5 yearoveryear good consumer, lets talk retail earnings have been very good Minus Department stores and some one office. I think that bodes very well for the consumer fatigue over trade but excitement over m and a. Very much so. Im still excited by trade. Im more excited about bristolmyers closed earlier than expected. Thats a great story for 2020. So theres a lot underneath the surface to this market of whats going on and thats what im trying to focus on versus trade. Lets get straight to that big story, the potential c
We have an important interview coming up. But first, lets check in on the markets. The institute has cut its growth forecast. We did have worries about germany and the labor market and some of the things internally. That has a lot to do with trade. A lot are saying that if you look at the composition of the world, is probably the European Union that takes the brunt of all of these concerns. ,uropean stocks are fluctuating but if you look at the stoxx 600 , investors are trying to figure out exactly what kind of clues they will get after these miserable manufacturing numbers. Coming up, a great guest lineup here in italy. We speak to the former italian Prime Minister. Well also talk to the chief executive of a general of generale and the chief executive of campari. Now lets get straight to first word news in your city. Hong kong protesters were planning a fresh round of disruption after clashes sublease shoot a demonstrated for the first time in the demonstrations began. Local media rep
Coins and Digital Assets. Concerns over insurance and real estate markets and risks posed by using Artificial Intelligence in the Financial Sector on the Senate Banking committee of, this is about two hours and 15 minutes. The committee on banking, housing will come to order. Secretary yellen , who has been flexible on the schedule and we had to change the time from yesterday to today, she has to leave at 11 30 and we will respect that. I will enforce the five minute rule on myself and everybody else. For a long time it has been clear what gets rewarded on wall street, bigger risks mean profit and that means more Stock Options which means fatter bonuses and then we end up with a wall street culture that glorifies a it leads to an economy of excess and a shrinking middle class. That is how we got east palestine. And the ceo of stellantis making three times what the average worker makes. We saw that plan play out with poorlyrun banks putting profits above Risk Management. And Small Busin
Johnson. Alix it is 30 minutes into the u. S. Trading day. Here are the top market stories that we are following for you at this hour. Tech and luxury tumult. So tech and luxury stocks were the superstars in the u. S. And europe and now they cannot find their footing. Were going to see if its time to buy. And my confidence level is, i dont know, were going to see. The latest read with instant analysis from dana peterson, chief economist Center Leader of economy, strategy finance at the conference board. And all the buzz from oklahoma city. Tripledigit oil price, politics, supply, china, all the hot topics from the American Energy Security Summit in oklahoma. More with my exclusive interview with rick muncrief. From new york, im alix steele with my cohost in london, tom mckenzie. So i came from my time the oil patch in oklahoma city. Guys going to his fun time which is on airplane show. So youre right in the middle of that for us, tom. Tom we have the Consumer Confidence and now we get
Scarlet speaking of next year, reporters considered the future of investing. The availability of stocks to choose from to go long or short. Realized whyhave should i pay for an active manager that is not beating the market . Scarlet while investors, ceos, and policymakers share their insights on the here and now. Dealing with the technology shift is much easier than a Business Model shift. Imf or believer in trade. I am a fair believer in trade. Trade is good for both parties. We are beginning to see a return to stable markets. Scarlet it is all straight ahead on bloomberg best. Scarlet hello and welcome. I am scarlet fu. This is bloomberg best, your weekly review of the most important Business News analysis and interviews from Bloomberg Television around the world. The week began with a big step for bitcoin as traders were able to buy and sell futures for the first time on sunday night. Bitcoin has landed on wall street, literally with a bang. Futures on the worlds most popular crypto